Background

Waverley’s Planning Agreement Policy 2014 (VPA Policy) has been successfully used to negotiate and draft planning agreements accompanying Development Applications seeking to vary the floor space ratio under Clause 4.4 of the Waverley Local Environmental Plan, and proponent-led Planning Proposals seeking development uplift.

The Planning Agreement Policy 2014 is based on the principle of value sharing, or value capture, where it is

an expectation that a developer gaining a value uplift would share some of this uplift with the community.

Where development exceeds the established planning controls, and can do so without having an

unacceptable impact, then value sharing can provide the community a net benefit from the development in

terms of additional infrastructure and amenity.

Proposed changes

The Policy is updated regularly to ensure it is operating efficiently and correctly and in line with the most current industry benchmarks.

The draft Amendment 5 to Waverley’s Planning Agreement Policy 2014 is a regular housekeeping amendment that proposes:

  • Updates to the standardised residential voluntary planning agreement (VPA) benchmark rates applied to development applications in line with current market conditions; and
  • Housekeeping amendments relating to process improvement.

Further information relating to these updates can be viewed in the Document Library, including a marked-up version of the Policy showing changes between Amendment 4 (current) and Amendment 5 (proposed).

How to submit feedback

Please submit your feedback on the draft VPA Policy through one of the following methods:

Feedback closes at 11.59pm, Friday 2 August 2024.

Please note that the comments submitted will form part of Council’s public record and as such can be made available for public viewing on request.

For more information, please contact Emma Rogerson, Senior Strategic Town Planner, through Council’s Customer Service on 9083 8000, or via email at emma.rogerson@waverley.nsw.gov.au